Trending Articles

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First-time homebuyers made up a record share of agency purchase loans in 2023

Housing Wire

First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade.

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What To Know About Credit Scores Before Buying a Home

Keeping Current Matters

If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage.

Mortgages 218
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Why is housing inventory growing with higher mortgage rates?

Housing Wire

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. Of course, I have a different view. My podcast partner, Editor in Chief Sarah Wheeler, disagrees, along with many others. You can see our debate on this topic here.

Mortgages 525
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Buyer agency contracts riddled with ‘unfair’ terms, CFA declares

Inman

The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny.

Brokerage 168
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Freddie Reports Surge in Multifamily Serious Delinquencies

Calculated Risk Real Estate

This is no surprise, but still a very large monthly increase in the delinquency rate. The multifamily rate increased recently as rent growth has slowed (and rents are falling in some areas), vacancy rates have increased, and borrowing rates have increased sharply. Freddie Mac reports that the multi-family serious delinquency rate increased sharply in January to 0.44% from 0.28% in December, and up from 0.12% in January 2023.

As-is 141

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Why We Aren't Headed for a Housing Crash

Keeping Current Matters

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows.

Marketing 243
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Scarce inventory, falling rates could boost home prices

Inman

In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4 percent in 2024. Now they're predicting prices will go up by 3.8 percent.

Mortgages 156
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eXp Must Face Cover-Up Allegations in Sexual Assault Lawsuit, Judge Rules

RIS Media

A federal judge is allowing four women to move forward with civil claims that they were drugged and sexually assaulted by eXp recruiters at company events, ruling the alleged victims have “plausibly” contended that two high-profile influencers raped them—and that the company and CEO Glenn Sanford are culpable for failing to implement safeguards, as well… The post eXp Must Face Cover-Up Allegations in Sexual Assault Lawsuit, Judge Rules appeared first on RISMedia.

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There Is an Interest Rate That Will Unfreeze the Market—But Will We Ever Get There?

Bigger Pockets

The beginning of 2024 has been a buzzkill for what many believed would be the beginning of federal interest rate cuts. Are we still on track for a summer cut, though?

Marketing 122
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Miami seeks new debt package to finance affordable housing: Bloomberg

Housing Wire

The mayor of Miami-Dade County wants to leverage the bond market to create a fund that will finance affordable housing projects, according to a Bloomberg report published Monday. Mayor Daniella Levine Cava will propose a new property tax-backed debt package later this year that would raise $2.5 billion to cope with the local housing crisis. Out of the $2.5 billion, $800 million would be allocated to affordable housing projects, while the rest would be used to improve area parks, sewage systems a

Finance 404
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Why Today’s Housing Supply Is a Sweet Spot for Sellers

Keeping Current Matters

Wondering if it still makes sense to sell your house right now?

Marketing 265
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Luxury forecast: What lies ahead for high-net-worth buyers in 2024

Inman

Recent luxury forecasts from Coldwell Banker and Christie's International Real Estate show optimism in the market, and plenty of demand for new technology. Intel examines their findings.

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What Are Seller Credits in Real Estate: The Assistance Buyers Need

RIS Media

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. Negotiations can include the purchase price, closing costs and contingencies. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits. These credits can play a significant role in shaping a real estate deal’s final… The post What Are Seller Credits in Real Estate: The Assistance Buyers Need appeared first on RISMedia.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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A letter from the publisher: What value do you place on local news in your neighborhood?

Brownstoner

One of the first community newspapers I acquired came with three vaults in the office. I was given the combination for each, but no longer had use for them. The vaults had been used to store the revenue collected from sales of newspapers at newsstands and subscriptions, but that was no… Read More > The post A letter from the publisher: What value do you place on local news in your neighborhood?

Sales 120
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Rocket to shut down origination channel for real estate and insurance agents

Housing Wire

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. According to a copy of an email sent to affected originators this week and reviewed by HousingWire, the Rocket Pro Originate platform — part of the company’s third-party origination channel — is to be sunset by the end of June.

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Why You Want an Agent’s Advice for Your Move

Keeping Current Matters

No matter how you slice it, buying or selling a home is a big decision.

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How to use mindfulness to build gratitude in your business each day

Inman

Aaron Hendon shares some strategies to keep negative thoughts away and visualize good things for our businesses, especially when things are difficult.

Agents 182
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Survey Finds Seller Concessions Are Making a Comeback in Some Markets

RIS Media

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint. Close to two in five of agents’ clients offered credit for needed repairs that were discovered during… The post Survey Finds Seller Concessions Are Making a Comeback in Some Markets appeared first on RISMedia.

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Investors Are Buying a Record Share of Low-Priced Homes—What Does It Mean for the Market?

Bigger Pockets

In Q1 2023, investors bought 49% fewer homes than the year prior. Now, we're seeing a rise in investor activity again, with certain property classes more popular than others. What are investors doing, and what should you be buying?

Investor 118
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Inventory is 19% higher than a year ago: Altos

Housing Wire

At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. I’ve previously been confident that trend will continue. A couple months ago, when rates were in the 6s still, I suggested that we could see 15% home sales growth this year.

Mortgages 390
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A Greenpoint Row House and Three More to See, Starting at $1.099 million

Brownstoner

Our picks for open houses to check out this weekend are found in Greenpoint, Bed Stuy, Sunset Park, and Bay Ridge. They range in price from $1.099 million to $3.4 million. 125 Milton Street Price: $3.4 million Area: Greenpoint Broker: Corcoran (Joan Dougherty) Sunday March 3, 1:30-3 p.m. See it here -> 261 A Bainbridge Street Price:… Read More > The post A Greenpoint Row House and Three More to See, Starting at $1.099 million appeared first on Brownstoner.

Marketing 109
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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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The Agency Seattle’s No. 1 broker realigns with Engel & Völkers

Inman

Alee Heidar is a rising star and was The Agency Seattle's No. 1 broker for the last two years. Now he and his brother, Yama Heidar, have joined Engel & Völkers Kirkland.

Brokerage 165
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Class-Action Lawsuit Alleges Loan Factory’s Misuse of Personal Information for Business Gain

RIS Media

California-based Loan Factory and its CEO Thuan Nguyen are in hot water over allegedly using competitors’ names, photos and likenesses who had no affiliation with the company to attract business, according to a new class-action lawsuit filed Thursday in a California court. This news was first reported by National Mortgage Professional. Loan Factory is accused… The post Class-Action Lawsuit Alleges Loan Factory’s Misuse of Personal Information for Business Gain appeared first on RISMedia.

Loans 118
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5 Grants for Real Estate Investing in 2024

Bigger Pockets

There are grants for real estate investors available. These grants are typically designed for specific purposes, but let’s discuss some of the most popular real estate investment grants available in 2024.

Investor 114
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Mortgage rates flirt with 7% mark again

Housing Wire

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 6.26% this week, down from 6.29% during the prior week.

Mortgages 457
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.